Japan Jibun Bank / S&P Global PMI manufacturing PMI for December has slumped further into contraction
From the report, in brief:
- Demand was reported to be lower
from key export clients based in China, Europe and North
America, and from important sectors like electronics. - Cost pressures nonetheless increased, with input price
inflation rising to a three-month high amid reports of
higher raw material costs, especially for imported goods.
However, firms were a little more circumspect in passing
these higher costs through to clients, with competitive
pressures weighing on their pricing power.
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The flash reading for this is here:
This article was written by Eamonn Sheridan at www.forexlive.com.
